Indian Railway Catering and Tourism Corporation (IRCTC) investors, who had made rich in the stock market till a few days ago, have now got a big setback. The stock price of IRCTC has broken 50 percent from the record high level. Due to this, investors have lost more than 30 thousand crore rupees in just two days.
How much is the share price: During the trading on Tuesday, the share price of IRCTC had reached an all-time high of Rs 6,393. Due to this the company's market capital also touched Rs 1.02 lakh crore. However, after this, there is a continuous profit-booking among the investors. This is the reason that now the share price is trading at a level below Rs 4400 with a loss of about 18 percent. In just two days, investors have lost about Rs 2,000 per share.
How much loss to investors: If we talk about the market capital, then it has come down from 1.02 lakh crores to 70 thousand crores. In this context, the market capitalization has decreased by more than 30 thousand crores. Let us tell you that the market capitalization of any company reflects the profit or loss of the investors. This means that this loss is of IRCTC's investors.
What is the reason: The reason for such a sudden drop in IRCTC's stock is a news related to railways. There are reports in the media that preparations are being made for a regulator in the Railways. The regulator has been recommended for private trains. At the same time, passenger trains and freight can also come under the purview of the regulator. Investors are looking apprehensive because of this news.
Listing took place in 2019: Let us tell you that the initial public offering (IPO) of IRCTC came before it was listed on the stock market. In October 2019, the company's market capitalization was close to Rs 11,000 crore on the day of listing.
'Ban on Roza, Namaaz, Haj and Zakat...', Arshad Madani furious at PM Modi's statement on Waqf
Jamiat-Ulema-e-Hind (AM) President Maulana Arshad Madani got angry over Prime Minister Narendra M
Go Air Fault: Two Go Air planes malfunctioned on the same day, and DGCA started an investigation
The cases of disturbances during the airlines in the country are not taking the name of stopping.
The Delhi High Court on Tuesday fixed July 20 for hearing several petitions challenging the Centr
CUET 2022: The University Grants Commission i.e. UGC has given a big gift to the students of the
The Delhi government on Thursday provided financial assistance of Rs one crore each to the famili
It's been 65 days since the Russo-Ukraine War. Ukraine's infrastructure has been badly damaged by
'Mamata Banerjee is no less than Kim Jong', BJP hits back at the statement on the PM's chair
There are continuous protests in Bengal over the atrocities that took place in Kolkata's RG Kar M
Thousands of Rohingya Muslims have made their way into the interior of India from the north-easte
Monkeypox Alert in UP: Alert in UP regarding monkeypox, the health department issued advisory
Monkeypox Virus Alert in UP:: Monkeypox cases have reached Delhi after Kerala. Given this, the He
After the Supreme Court's remarks, the hope of opening the roads leading to Delhi from the UP Gat
